Italian banks expected to seek 2.7 bln euros in TLTRO funds

September 23, 2015 12:45 PM

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MILAN, Sept 23 Italy's largest banks are set to request less than 3 billion euros ($3.4 billion) in longer-term funds at a tender the European Central Bank (ECB) will hold on Thursday in its effort to support corporate lending.

Data collected by Reuters among 15 leading Italian banks show most of them are not planning to tap the ECB for funds at its fifth longer-term refinancing operation (TLTRO).